Starting in April, the UK government will tax income derived from intellectual property held by non-UK companies in low-tax jurisdictions. We explain the new rule, who has to follow it and how it reflects a global trend.
India’s top court ruled that UK-based Formula One’s three-day race in India constitutes a permanent establishment. The ruling is more evidence that PE laws are changing as countries rethink tax collection in an evolving global economy. This post gives brief summaries of recent rulings and tips for avoiding trouble in the new climate.
The Australian Taxation Office issued a combined $2.9 billion in tax bills this month to seven multinationals, including Apple, Google and Microsoft. The ATO’s actions come three months before the effective date of Australia’s widely heralded diverted profits tax, known as the Google tax. Here’s what you need to know about this important legislation.
Barclays announced that UK authorities have launched investigations into CEO Jef Staley’s conduct related to two whistleblower claims. The affair sheds light on the ambiguity of whistleblower laws and on the benefits and disadvantages of protecting whistleblowers’ anonymity.
Today’s superstar athletes are powerful corporate brands, and they and their teams are looking for creative ways to reduce personal and corporate taxation. UK soccer clubs are compensating players and some coaches under a tax scheme that has some wondering if teams, players and coaches are effectively engaging in tax evasion.
The coming UK referendum on whether to remain in or leave the European Union could have serious ramifications for multinationals operating in the UK. This post is the first of a three-part Radius series examining a potential Brexit and the related legal, HR and tax implications companies should be aware of.
Influential global bodies like the Organization for Economic Cooperation and Development (OECD) have targeted perceived multinational corporate tax avoidance through programs like the Base Erosion and Profit Shifting (BEPS) project. At a basic level, these and related country-specific initiatives target the perceived avoidance of permanent establishment (PE) and egregious transfer pricing practices. What has changed and how does this impact your business operations?
Welcome back to Global Glance. This week we look at Apple begging in Brussels; swearing in the US and the UK; and a cleric's declaration that chess is the work of the devil.
The UK's Autumn Statement was delivered on December 3 and addressed government spending and taxation plans, as well as international taxation changes that have implications on multinational companies.
Big developments are afoot in the world of international tax. Ireland has announced that it will end the “Double Irish,” the tax loophole that’s allowed multinationals to organize their affairs in such a way that they pay very low effective tax rates — sometimes as low as 2 percent.